ASK238: Can I use crowdfunding to speed up my investing? PLUS: Will this Rich Dad Poor Dad strategy work in the UK?

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.8 • 2K Ratings

🗓️ 2 June 2020

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week on Ask Rob & Rob, the guys are answering two very specific questions around strategies. Our first caller this week is Jonathan who’s got a very interesting strategy that he’s looking for a bit of advice on. He’s recently listened to another podcast where they discussed using crowdfunding, or more specifically, angel finance, to acquire the initial cash to invest in property. If Jonathan was to follow this strategy he would be looking to buy properties below market value in cash, renovate them and then take out the cash that they had loaned to pay back the investors and keep the property for himself. This is certainly a new one and has become a popular question recently. Do Rob & Rob think it’s a viable strategy? The second question comes in from Rashid. He’s recently finished reading Rich Dad Poor Dad. The author of the book, Robert T. Kiyosaki talks about a certain strategy that he has used to buy real estate in America. So now Rashid is wanting to know if The Robs think this same strategy will work in the UK? And if you missed it, not too long ago Rob & Rob dedicated a whole episode to Rich Dad Poor Dad, which you can listen to here. What did they think about this specific strategy? Tune in to find out. Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours. Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, I'm Rob. And I'm Rob. And this is Ask Rub and Rob.
0:05.6	Hello everybody and welcome back to Ask Rob and Rob, the show where you give us your questions and we keep giving you some answers and this week will do our very best to maintain
0:17.2	that format because we've got two great questions in but for us to continue with
0:22.3	this show of course we need your wonderful questions.
0:25.0	So let's give you a quick reminder of how you can get involved.
0:28.0	Yep, all you've got to do is give us a call's 013, 808 triple 035. Or alternatively you can go to Property Hub.
0:37.0	dot net slash ask. Either method will allow you to leave us of voicemail with your question and then we will get back to you. Jonathan did
0:43.8	exactly that so let's have a listen to his question.
0:46.1	Hi Robin Rob, my question is around crowd funding. Recently listen to another
0:51.7	podcast where someone had used more specifically
0:54.3	Angel Finance.
0:55.3	I'm looking into this to maybe grow my portfolio quicker.
0:59.3	The strategy for using the crowd funding would be to buy below market value property cash then
1:05.7	renovate the properties take out the cash to pay back the investors and then keep the property for myself. Is this something you
1:16.2	have ever considered or used or know anything about? Keep up the great podcasts.
1:21.2	Thanks, by. Thanks, Jonathan. It sounds like what you're describing is a joint venture.
1:27.6	So you have the skills, the knowledge, or hopefully you do, and possibly lack the cash or enough cash but
1:34.4	someone else lacks the skills and knowledge but they have cash and they see you as a
1:38.4	good investment and then the two of you come together and both add value in
1:42.4	different ways.
1:43.4	And yes, by buying below market value, renovating the property and taking cash out and
1:48.3	paying back the investor, giving them a return, absolutely in theory what you've described can happen and does happen. But you need to be
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rob Bence & Rob Dix, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Bence & Rob Dix and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.